Duos Technologies Group, Inc. (NASDAQ:DUOT) Sees Large Growth in Short Interest

Duos Technologies Group, Inc. (NASDAQ:DUOT) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 161,500 shares, a growth of 7.0% from the May 31st total of 151,000 shares. Based on an average daily trading volume, of 40,400 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price target on Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating for the company in a report on Friday, June 7th.

Duos Technologies Group Stock Up 0.4 %

Shares of DUOT stock opened at $2.83 on Thursday. Duos Technologies Group has a one year low of $1.93 and a one year high of $7.20. The company has a 50 day moving average price of $2.71 and a 200 day moving average price of $3.30.

Duos Technologies Group (NASDAQ:DUOT) last released its quarterly earnings data on Monday, May 13th. The company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.05. Duos Technologies Group had a negative return on equity of 237.64% and a negative net margin of 200.92%. The business had revenue of $1.07 million during the quarter, compared to the consensus estimate of $1.25 million. Equities analysts predict that Duos Technologies Group will post -0.88 earnings per share for the current year.

Institutional Investors Weigh In On Duos Technologies Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOT. Spire Wealth Management grew its holdings in shares of Duos Technologies Group by 150.7% during the 1st quarter. Spire Wealth Management now owns 86,557 shares of the company’s stock worth $376,000 after purchasing an additional 52,034 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Duos Technologies Group in the first quarter valued at approximately $85,000. Diversified Investment Strategies LLC lifted its position in Duos Technologies Group by 25.0% during the first quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock valued at $326,000 after buying an additional 15,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in Duos Technologies Group during the first quarter worth approximately $51,000. Finally, Tucker Asset Management LLC increased its position in shares of Duos Technologies Group by 10,829.0% in the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock worth $56,000 after acquiring an additional 10,829 shares in the last quarter. 42.61% of the stock is currently owned by institutional investors and hedge funds.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.